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Business & Finance

Edited by Phoebe Bain

The United States is home to more than 33 million businesses, the vast majority of which are small businesses, with millions being created (and others closing shop) every year. These businesses often rely on loans, provide the goods and services that keep the economy flowing, and sometimes even grow large enough to enter public markets or provide private investment opportunities. Explore key topics central to business and finance, from the role of the Federal Reserve to how initial public offerings work, how millions of American students finance higher education, and more.

Content on 1440 is curated and distilled by our team of human editors.
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Dating app Bumble Founder Whitney Wolfe Herd is considered the youngest self-made female billionaire.

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Jeff Bezos' grandfather made his own needles by hand for the cattle on his ranch.

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Bond yields are the returns investors earn from a bond's interest—and they're a key economic barometer.

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The Federal Reserve Act's foundation was laid in a secretive meeting at the world's most prestigious club.

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Amazon's largest profit engine is the cloud-computing platform Amazon Web Services.

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The rare, so-called 'assumable' mortgage is landing homebuyers a 3% rate.

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The history of Anthropic began with a break from OpenAI over safety concerns.

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John D. Rockefeller—the world's first billionaire—was born to a well-known con artist father.

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College sticker prices can be misleading, as most students don't actually pay the advertised price due to financial aid.

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Companies go public via an initial public offering (IPO) to raise large amounts of capital, helping them expand, invest in new ventures, hire more staff, or pay off debts.

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OpenAI initially focused on novelty projects, like training AI bots to win video games, before becoming known for its AI chatbot ChatGPT.

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Until late 2024, the company that makes McDonald's ice cream machines held an elusive repair monopoly on them, the culprit behind the frequent outages that fueled widespread social media discourse.

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Former LuLaRoe vendors have accused the clothing multilevel marketing company of operating a pyramid scheme, resulting in more than 50 lawsuits and a $4.75M settlement.

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Learn about what causes economic bubbles, including how forces like cheap credit, soaring optimism, and feedback loops push asset prices far beyond fundamentals—until a single shock triggers panic, selling, and a rapid collapse.

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Learn about CD ladders, the investing strategy in which one buys multiple CDs with different maturity dates to capitalize on high interest rates with longer-term CDs while keeping liquidity with shorter-term CDs.

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Fort Knox was originally built to be a secure facility for the US Treasury's gold reserves back when the US still operated under the gold standard, a system in which a country's currency is pegged to, and can be converted into, a fixed amount of gold.

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When Steve Jobs recruited former CEO Tim Cook to work at Apple in 1998, the company was on the verge of bankruptcy—and many of Cook's friends advised him not to take the job.

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The 'Gruen transfer' refers to the price psychology behind large shopping malls, where shoppers make spontaneous purchases due to the overwhelming exposure to a variety of stores.

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Elon Musk founded SpaceX in 2002 after initially attempting to purchase ballistic missiles in Europe and Russia, hoping to launch a rocket carrying a plant or animal to Mars to spark global interest in colonizing the planet, but found them too expensive.

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Watch this video that uses Lego bricks to explain how venture capital works.

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See a ranking of the best (and worst) Federal Reserve Chairs since 1914 out of the 16 men and women who have held the office since.

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Some coin denominations have ridges etched on their sides, partly to prevent counterfeiting, in a practice called 'reeding.'